Internet auction giant eBay is one of the nation’s largest exchanges for event tickets, and in early 2007 the company bought StubHub for $307 million.
eBay helped to create the modern model of online ticket exchanges because it allows fans and brokers to quickly list event ticket inventory for resale in a single destination.
The company was sued by Ticketmaster in 2007 for contract infringement for allegedly violating contracts Ticketmaster had with several arenas. The lawsuit centered on the Lynyrd Skynyrd/Hank Williams Jr. “Rowdy Frynds Tour” of the same year, because StubHub had been named the official premium ticket vendor for the tour. Ticketmaster said that violated its ticketing contracts with several of the venues the tour was going to visit. The two sides settled the case in late 2008 under undisclosed terms.
eBay and StubHub were also sued by the City of Chicago in 2008 for allegedly not collecting the city’s 8 percent Amusement Tax on event tickets. The companies do not believe it should be held responsible for collecting the tax of individual resellers.
The company unofficially teamed up with TicketNetwork in 2009 to not allow people to resell President Obama Inauguration tickets, which had been distributed free.
After failing to meet eBay’s earning expectations, StubHub has gone through a serious round of layoffs, letting go of approximately 100 of their 700 employees, according to TechCrunch. Due to changes in the secondary ticket market, the increasing popularity of electronic tickets, and competitors like TicketNetwork and Ticketmaster Plus,... Read more
The dominance of ticketing giant Ticketmaster was dealt a blow on Monday, November 12, 2012, with the official announcement that AEG and eBay, the owner of secondary ticketing titan StubHub, will be teaming up to sell tickets to AEG’s more than 100 worldwide venues. One of the world’s premiere... Read more
PRESS RELEASE: “RocketPoster Hits 500,00 Active eBay Listings” SADDLE BROOK, N.J., Aug. 10, 2012 — Ticket Utils, creators of RocketPoster, the widely used eBay ticket broker ecommerce solution and the leading provider of ticket broker software, today announced that active eBay ticket listings powered by RocketPoster have surpassed 500,000.... Read more
Unlike rival Live Nation, which last week threw cold water on investors’ hopes for the rest of 2010, ticket marketplace giant StubHub is projecting revenue growth for 2010, despite a drop in ticket prices. The company, bought by online auctions giant eBay in 2007 for more than $300 million,... Read more
No stranger to helping causes in and around his native Gulf Coast, it was no surprise when Jimmy Buffett stepped forward with plans for a July 1 concert to benefit the region impacted by the ongoing BP oil spill. It was also no surprise that free tickets for the... Read more
In a separate but similar action to its lawsuit against eBay subsidiary StubHub, the City of Chicago has again found itself on the wrong end of a legal case involving the collection of its amusement tax on ticket sales. U.S. District Court Judge Blanche M. Manning last week dismissed... Read more
Dustin Brighton, senior manager of government relations at eBay.com, will again be one of the speakers at the upcoming Ticket Summit, scheduled for January 13-15 in Manhattan. Prior to working for eBay, Brighton was director for government affairs- Southeast United States for Microsoft Corporation. He recently took some time... Read more
eBay’s financial results for the second quarter which ended June 30, 2009 show the online auctions giant’s net income fell 29 percent from last year as its Marketplaces unit, which includes StubHub, suffered from the impact of a strong dollar and the tenuous macroeconomic climate. Net income fell to... Read more
Online auctions giant eBay has pulled down all Miley Cyrus tickets from its site, but the company denies it was pressured to do so by her representatives. The ‘tween singing sensation’s entire upcoming tour is utilizing paperless tickets, a controversial move that has led to complaints from brokers and... Read more
The pop-punk heroes in No Doubt have taken a strong stance against ticket scalping for the band’s current tour. Except when it suits them just fine. Through the Web site eBay, No Doubt is auctioning off VIP ticket packages to 16 of its upcoming shows, of which 60 percent... Read more